Description
PRIME NEWPORT OASIS. Hidden in plain sight, this 31,000+ square foot property is one of the largest available residential parcels in the desirable Kay/Catherine neighborhood, right off Bellevue Avenue, and a stone's throw to the Cliff Walk, Tennis Hall of Fame, Redwood Library and Newport Harbor. The property consists of 2buildings - 40 Catherine, a 3-bedroom/2-bath house, and 42 Catherine, a charming 2-story converted barn with 2 one-bedroom apartments. 40 Catherine features a grand living room - once the office of architect George Champlin Mason ? with wood-burning fireplace and tall Palladian arched windows. A sprawling outdoor deck offers seamless indoor-outdoor living with room for entertaining al fresco. A private bedroom suite is on its own floor upstairs, while the main floor includes a large open kitchen/dining area, separate dining/study, bathroom and the second and third bedrooms. A step-out garage on the first floor offers an additional 1500+ square feet of storage space or expansion potential. 42 Catherine offers all the charm of an historic barn conversion, with potential for rental income and/or guest and family accommodation. The first floor is just one step up, having a large oversized great room with Dutch door, historic windows, wood-burning fireplace, and open kitchen, as well as a separate laundry room, bathroom and first floor bedroom. The second floor is an additional one-bedroom apartment, rented to a long-term tenant through April 2025.
